- Iran: Eight Prisoners Hanged on Drug Charges
- Daughter of late Iranian president jailed for ‘spreading lies’ - IRAN: Annual report on the death penalty 2016 - Taheri Facing the Death Penalty Again - Dedicated team seeking return of missing agent in Iran - Iran Arrests 2, Seizes Bibles During Catholic Crackdown
- Trump to welcome Netanyahu as Palestinians fear U.S. shift
- Details of Iran nuclear deal still secret as US-Tehran relations unravel - Will Trump's Next Iran Sanctions Target China's Banks? - Don’t ‘tear up’ the Iran deal. Let it fail on its own. - Iran Has Changed, But For The Worse - Iran nuclear deal ‘on life support,’ Priebus says
- Female Activist Criticizes Rouhani’s Failure to Protect Citizens
- Iran’s 1st female bodybuilder tells her story - Iranian lady becomes a Dollar Millionaire on Valentine’s Day - Two women arrested after being filmed riding motorbike in Iran - 43,000 Cases of Child Marriage in Iran - Woman Investigating Clinton Foundation Child Trafficking KILLED!
- Senior Senators, ex-US officials urge firm policy on Iran
- In backing Syria's Assad, Russia looks to outdo Iran - Six out of 10 People in France ‘Don’t Feel Safe Anywhere’ - The liberal narrative is in denial about Iran - Netanyahu urges Putin to block Iranian power corridor - Iran Poses ‘Greatest Long Term Threat’ To Mid-East Security |
Wednesday 25 January 2012Crude prices waver on supplies and Iran threat
NEW YORK (AP) — Oil prices are wavering as traders weigh an increase in U.S. crude supplies against a threat from Iran to halt oil sales to Europe. Benchmark crude on Wednesday rose 29 cents to $99.24 per barrel in New York. Brent crude rose 46 cents to $110.48 per barrel in London. The Energy Department said the nation's crude supplies increased by 3.6 million barrels last week, far more than analysts expected. Demand for oil dropped by about 4 percent. Gasoline demand was down as well, with the four-week average 6.4 percent below year-ago levels. The latest threat from Iran follows a European Union decision to enforce an oil embargo against Iran starting this summer because of Iran's secretive nuclear program. EU nations account for about 18 percent of Iran's oil sales, and Iranian lawmakers think cutting off oil to Europe would hurt those nations more than it would Iran. China is Iran's biggest oil customer. It has no plans to participate in an oil embargo, and experts think Iran would sell more oil to China at a discount to offset an embargo by other nations. Meanwhile natural gas prices continue to rebound from recent 10-year lows, rising more than 6 percent to $2.72 per 1,000 cubic feet on Wednesday. Prices are being pushed up by forecasts for cooler winter temperatures across much of the country, closer to average for this time of year. The mild winter thus far has slowed demand for natural gas to heat homes. Gasoline pump prices in the U.S. were flat on Wednesday at a national average of $3.38 per gallon. That's about the same as a week ago, 15 cents higher than a month ago and 27 cents more than a year ago. In other energy trading heating oil rose by a penny to $3.03 a gallon and gasoline futures rose 4 cents to $2.85 a gallon. Copyright © 2012 The Associated Press. All rights reserved. |